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AB InBev Wins U.S. Approval for $20.1 Billion Modelo Deal

Anheuser-Busch InBev NV and the U.S. Justice Department filed an agreement in court that resolves an antitrust lawsuit and allows the brewer’s $20.1 billion purchase of Grupo Modelo SAB to proceed.

AB InBev, in a filing yesterday in federal court in Washington, made binding commitments to turn winemaker Constellation Brands Inc. into a competing brewer that will produce and control all Modelo brands in the U.S., including Corona, the country’s biggest import. The government said the accord could save beer drinkers almost $1 billion a year due to lower prices.